Wall Street swings sharply as uncertainty increases about what will happen in the war with Iran
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US stocks experienced a sharp swing on Tuesday due to uncertainty about the war with Iran, with the S&P 500 initially falling 1.2% before ending with a modest gain of 0.1%. The uncertainty is driven by President Donald Trump's deadline for Iran to open the Strait of Hormuz, with oil prices spiking as a result of the conflict.
US stocks swung sharply on Tuesday as uncertainty about the war with Iran increased. The S&P 500 fell 1.2% after President Donald Trump threatened Iran, but rallied to end with a 0.1% gain. The Dow Jones Industrial Average dipped 0.2%, while the Nasdaq composite added 0.1%. Oil prices were also volatile, with US crude briefly climbing above $117 before settling at $112.95. The conflict has disrupted oil production and transportation in the Persian Gulf, leading to concerns about inflation. Companies with big fuel bills, such as Norwegian Cruise Line and United Airlines, fell sharply.
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